Bill Wilson - Jun 2, 2021 Form 4 Insider Report for Townsquare Media, Inc. (TSQ)

Role
Chief Executive Officer, Director
Signature
/s/ Bill Wilson
Stock symbol
TSQ
Transactions as of
Jun 2, 2021
Transactions value $
-$1,400,000
Form type
4
Date filed
6/3/2021, 04:34 PM
Next filing
Feb 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TSQ Class A Common Stock Disposed to Issuer -$1.4M -100K -7.04% $14.00 1.32M Jun 2, 2021 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares disclosed hereunder were repurchased by Townsquare Media, Inc. (the "Company") in accordance with Rule 16b-3 in order to assist Mr. Wilson with the 2020 and 2021 tax obligations he incurred upon the vesting of 200,000 shares of restricted Class A common stock of the Company that were previously issued to Mr. Wilson.
F2 Includes 400,000 shares of restricted Class A common stock, which vests with respect to twenty-five percent (25%) of the shares on each of the first, second, third and fourth anniversaries of the date of grant. 300,000 of these shares have vested as of the date hereof. Also includes 929,370 options to purchase Class A common stock that have vested.